When it is time to retire, picking a spot to settle down is a top priority. Things like cost of living, proximity to family/friends, climate, healthcare, and fun activities all weigh heavily in your final decision. There's no shortage of “best places to retire lists,” but often they're just the same old recycled picks. So, we're looking at five cities on the rise that are perfect for retirement, whether that's five years or 20 years away.
Nashville, Tennessee
Even though Nashville is best known for its ties to country music and a thriving nightlife, this city is not short on great retirement features. The capital of Tennessee has a great higher education system, which means access to cutting edge healthcare. In fact, Vanderbilt University Medical Center is ranked No. 19 on the U.S. News Best Hospitals Honor Roll. Boomers are looking to Nashville for its exciting city life, lower cost of living, tax breaks, and four-season climate. The Music City is also experiencing a growing economy and flourishing job market. If you're looking to avoid a boring retirement, Nashville has plenty to keep you occupied. From a lively arts scene to access to pro sports and plenty of outdoor activities, there's a lot of love about settling down here.
Portsmouth, New Hampshire
Settled in 1623, this coastal town is loaded with top-notch restaurants, boutique shopping, and plenty of historic charm. One of the best features of Portsmouth is its walkability — even in the winter. Even though you're right in the middle of New England, the climate is relatively mild because of its location on the coast, meaning there are great outdoor and cultural activities available year-round. Even though the cost of living is slightly higher than average, you'll find that your retirement check will go much further because there is no statewide sales tax and no state tax on Social Security income. Plus, if you want big city life, Boston is only 45 minutes away.
Asheville, North Carolina
This North Carolina city’s economy is booming. It also made the list of “Best Boomer Towns,” so it’s trending off the charts for retirees. The weather is mild and the scenery is incredible, as Asheville is situated within the majestic Blue Ridge Mountains. The people are friendly and the city is very walkable with a great collection of art deco architecture, antique stores, and art galleries. There's also a culture of volunteerism that allows retirees to stay active and give back to the community.
Lancaster, Pennsylvania
If you lean toward a quieter retirement, then Lancaster may be for you. Set among the beautiful Amish farmland, Lancaster has seen a revitalization in its downtown and many of the old warehouses and buildings are being transformed into trendy bars and restaurants. Lancaster not long ago topped the list of U.S. News & World Report’s Best Places to Retire in the United States and made our shortlist because of its affordable housing and low cost of living, plus access to high-quality healthcare.
San Antonio, Texas
With spectacular weather, a low cost of living, and some great medical facilities, San Antonio is an attractive alternative to many other Texas cities. It continuously ranks high in the nation for most popular cities where retirees are moving, and is a tax haven because there's no state income tax and retirement income isn't taxed. Housing costs are also typically below the national average and there are scores of museums, parks, and cultural activities that make San Antonio the perfect blend of activity and peace.
